![]() These example sentences are selected automatically from various online news sources to reflect current usage of the word 'charge off.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Cory Shaffer, cleveland, 3 June 2021 See More ![]() Susan Tompor, Detroit Free Press, 15 June 2021 Jackson also expressed caution about the desire for charges and pointed to a grand jury’s February decision not to charge off-duty Cleveland police officer Jose Garcia for fatally shooting 22-year-old Desmond Franklin in April 2020. 2021 The scammer was going to take that charge off but somehow ended up putting $3,499.99 into Larry's account, which Larry could see on his computer screen. 2021 Colby Wooden returns to anchor the group after leading Auburn in tackles for loss last season, while transfers Marcus Harris and Tony Fair will start on the interior, and Derick Hall will lead the charge off the edge. Brian Haenchen, The Indianapolis Star, 22 Dec. 2022 Spreen took charge off the opening tip, scoring BNL's first seven points, then assisting on a Madisyn Bailey layup that gave the Stars a 9-4 lead midway through the first. If the creditor subsequently sells your debt to a collection agency, the balance due on the charged-off account will change to zero, but the charged-off account. 2022 Weatherford College pitcher Owen Woodward charge off the mound and level him with a violent blow to the midsection. If the creditor decides after 180 days to charge off the account, its entry and the outstanding balance will still appear on your credit report, but it will be noted as charged off. Mayra Rodriguez Valladares, Forbes, 9 Oct. 2022 Banks normally charge off loans after borrowers are over 180 days in late payments. Elizabeth Rivelli, Car and Driver, 15 Nov. 2022 Lenders most commonly charge off car debt for tax purposes. The court may issue a default judgment against you if you dont. However, it still exists and has value to the creditor. What this financial term actually means is the loan has been marked on the bank’s books as noncollectable and has been recorded as a loss. Recent Examples on the Web However, the lender can charge off an auto loan earlier. You may be sued, resulting in consequences such as a frozen bank account or wage garnishment. When an account is charged off, it does not mean the loan has been cancelled by the creditor. ![]()
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